ASOS Plc (ASC.L) (LON:ASC) Given Buy Rating at Credit Suisse Group

Credit Suisse Group reaffirmed their buy rating on shares of ASOS Plc (ASC.L) (LON:ASC) in a research report report published on Wednesday morning, AnalystRatings.net reports. They currently have a GBX 6,650 ($86.88) target price on the stock.

Several other research firms have also weighed in on ASC. UBS Group restated a neutral rating and issued a GBX 4,800 ($62.71) target price on shares of ASOS Plc (ASC.L) in a report on Wednesday. Peel Hunt reaffirmed a buy rating and issued a GBX 6,500 ($84.92) price target on shares of ASOS Plc (ASC.L) in a research report on Wednesday, October 14th. Royal Bank of Canada set a GBX 6,000 ($78.39) price target on ASOS Plc (ASC.L) and gave the stock a buy rating in a research report on Wednesday. Berenberg Bank reaffirmed a buy rating and issued a GBX 5,900 ($77.08) price target on shares of ASOS Plc (ASC.L) in a research report on Wednesday, November 11th. Finally, Barclays reaffirmed a neutral rating and issued a GBX 4,825 ($63.04) price target on shares of ASOS Plc (ASC.L) in a research report on Thursday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 5,140.88 ($67.17).

ASC opened at GBX 5,332.68 ($69.67) on Wednesday. The business has a 50 day moving average price of GBX 4,703.07 and a 200 day moving average price of GBX 4,506.25. ASOS Plc has a twelve month low of GBX 975.20 ($12.74) and a twelve month high of GBX 5,548 ($72.48). The company has a debt-to-equity ratio of 38.64, a quick ratio of 0.54 and a current ratio of 1.19. The firm has a market cap of £5.32 billion and a P/E ratio of 42.20.

In related news, insider Luke Jensen purchased 1,969 shares of the stock in a transaction on Tuesday, October 20th. The shares were purchased at an average cost of GBX 5,070 ($66.24) per share, for a total transaction of £99,828.30 ($130,426.31). Also, insider Nicholas Robertson sold 148,000 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of GBX 4,375 ($57.16), for a total value of £6,475,000 ($8,459,628.95).

About ASOS Plc (ASC.L)

ASOS Plc operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, Denmark, Poland, and Russia. It offers womenswear and menswear products. The company sells approximately 85,000 products under the ASOS Design, ASOS Edition, ASOS 4505, and Collusion brands, a well as other global and local third-party brands products primarily through its website, asos.com, as well as through social media platforms.

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